Coinmatics Review – Is Coinmatics Scam Or Legit?
As a newbie trader, finding a simple automated crypto trading platform can take time and effort as many options exist. Hence, finding the right fit is not so easy.
However, some platforms make trading easy for inexperienced investors and rewarding for professional cryptocurrency traders. Coinmatics is one such platform.
In this Coinmatics review, you will see a rundown of what Coinmatics offers to help you decide whether it’s worth your time and money.
Coinmatics, launched in 2018, is an easy-to-use cryptocurrency trading platform that offers users advanced copy trading and analytical tools.
Coinmatics’ unique copy trading techniques enable traders to replicate the trades of professional and skilled investors. Thus, you can make profitable crypto trades by following the footsteps of well-experienced traders.
The copy trading feature is for beginners and professional crypto traders. Also, you can automate the copy trading feature to enjoy a passive income from your trades.
Keep in mind that these professional traders are selected and verified by Coinmatics based on their past achievements. So, be rest assured that you are getting the best.
Although the crypto market is highly volatile and market trends change, Coinmatics has tools that allow you to reduce your risk level. This will be of immense benefit to traders who carry out automated trading.
The Coinmatics platform has a user-friendly interface that is easy for beginners and professionals to navigate. Besides, you do not have to download an application to use Coinmatics.
It has a website you can access using your mobile device or computer. Besides copy trading, other Coinmatics features include crypto arbitrage, ticker alerts, and analytical tools.
As a trader, you can display your past trading history on Coinmatics. Thus, you can attract potential investors willing to buy your strategies.
You can also send your trading strategy to Coinmatics for other users to buy. As more individuals subscribe to your trading strategy, you make more money. Then, all you have to do is keep trading on the platform.
Furthermore, you can enjoy free market tools as a reader, such as custom notification preferences to receive notifications on Telegram and ticker alerts. Other analytical tools include the Fear and Greed Index, Twitter Analytics, BTC Social Volume, etc.
As an investor on Coinmatics, you enjoy copy trading from professional traders. Once you subscribe to a trading strategy, your trading account makes the same trades as the expert you subscribed to their plan.
Meanwhile, there are over 200 strategies available on the platform. You can benefit from copy trading even if you do not have sufficient knowledge about crypto trading.
Since the author also trades with the same strategy as they are selling using a live account, they will not sell phoney strategies. So as they trade and make a profit, you also make a profit.
Coinmatics has two major partners, which are OKEx and Binance. As an investor, you can open an account on any of them, deposit funds, and begin copy trading when you subscribe to a trading strategy.
Meanwhile, some free trading strategies are available on the platform. So, you can try them out before subscribing to a paid plan. Besides, you can distribute your investments across several strategies to regulate your risk levels.
Three plans are available on Coinmatics – the free, premium, and premium ref plan. The free plan includes analytical tools, stop copy trading, a portfolio tracker, and ticker alters.
The premium plan has two more features: prioritized copying and futures copy trading. After registering on the platform, you can try this plan for 30 days free.
The premium ref plan has all premium plan features and comes with a Binance fees discount. First, you must create a new Binance profile using a Coinmatics affiliate code and provide Coinmatics with your Binance User ID. Then, the subscription fee is deducted from your Coinmatics account.
Performance And Security
The security and safety of users are paramount at Coinmatics. Hence, the platform is encrypted and advises that you do not give your API keys to anyone. Also, the website does not have direct access to your funds.
Hence, it is not permitted to withdraw your funds from OKEx or Binance. Instead, all charges are taken from your Coinmatics wallet. Meanwhile, the charges on Coinmatics are affordable and one of the best in the crypto industry.
Coinmatics also provides the history of average and total profit, trading period, and other metrics for each trading strategy. Thus, you can better weigh a particular strategy’s risk level and decide whether to subscribe.
Furthermore, it has 2FA for added security. This ensures no one can access your account except you. Once you register on the platform, ensure you activate this feature. You can do so by opening the security tab in account settings.
If you have any issues while trading or navigating the platform, Coinmatics’ offers 24/7 professional customer service.
In addition, Coinmatics has a live chat feature that allows you to connect to its staff in real time. However, this feature is only available during business hours.
Also, you can send a message to the support team via the website or email, and you will receive a prompt response. This professional customer support approach helps Coinmatics stand out from other trading platforms.
Coinmatics is easy to use, especially for beginners who want to learn more about crypto trading by copying the tested and tried strategies of experienced traders. Professional traders can also increase their income using various analytical tools, security, and excellent customer service at Coinmatics.
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